In the week-ending November 9th, 2012, it was reported that RWC Partners had launched a European activist fund for UK investors; Indian firm Karvi Group is to launch an equity and currency hedge fund; Forefront Alternative Investment Trust, another Indian firm, is to launch its first hedge fund too; Dromeus Capital is raising a new fund to profit from “outstanding” investment opportunities in Greece; and Mans Larsson, the former head of the London office at Canyon Capital Advisors, is set to launch a credit-focused fund early next year.

Matrix Group, a UK group of financial companies, tried to protect Matrix Group Ltd and Matrix-Securities Ltd and filed a notice of intention to appoint administrators; Opalesque later learned that Matrix’s property business would spin out, its fund of funds business, its structured finance business and its film investment business would be acquired by third parties, its money management business might also change hands, and its alternative asset management and its corporate capital businesses were in the process of winding down. A rising number of small hedge funds are shutting their doors, the FT reported.